Real estate blog entries tagged with algorithm by Linda Ferrari (Credit Resource Corp.)

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Home : Blogs : Linda Ferrari : Linda Ferrari's Blog : Tag "algorithm"

algorithm: Recent Changes in Credit Scoring and Reporting and How They Affect You - FICO 08 - 06/12/09 01:05 PM

While the roots of the modern credit report can be traced all the way back to 1898, the numerical credit score wasn't devised until the 1950s and didn't become a major part of the American financial system until the last twenty years. In 1956, Bill Fair and Earl Isaac devised analytical tools that attempted to quantify the risk of loaning an individual money and launched a company based on this scoring system. Their company was called Fair Isaac & Co., better known by the acronym FICO. After several decades of success in Europe, FICO's system caught on in the United States … (1 comments)

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Linda Ferrari

Newport Beach, CA

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Credit Resource Corp.

Address: 1048 Irvine Avenue, #636, Newport Beach, CA, 92660

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